The fund inked MoUs with Mizuho Bank, Sumitomo Mitsui Financial Group, MUFG Bank, Japan Bank for International Cooperation, and Nippon Export and Investment Insurance
The new private equity fund will target buyouts, structured solutions and other investment opportunities across a range of strategic sectors
The deal, signed at the Future Investment Initiative forum in Riyadh, brings to 132 the total number of jets ordered by Riyadh Air
The kingdom unveiled its Vision 2030 plan in 2016, which involves hundreds of billions of dollars of investments to wean the country’s economy off oil
The sovereign wealth fund is driving economic diversification by investing billions in new sectors to reduce oil dependency
Last year, deals worth $17.9bn were agreed at the forum and organisers say they expect $28bn in deals to be announced this year.
Some companies have raised concerns over the regulatory framework, including taxation
Geopolitical tensions heightened by the Middle East crisis pose the biggest threat to the world economy
Heads of state, CEOs, financiers, and policy experts, to discuss the challenges in light of rising global economic and geopolitical unrest
The fund will be managed by Aramco Ventures, the venture capital arm of the oil giant
The agreements will support the efforts and objectives of the Ministry of Investment to attract investments, enable sectors to grow and facilitate access to investment opportunities
The agreement covers the identification and promotion of sustainable investments in the kingdom
Thiam to Fink – the who’s who of finance head to the global investment forum slated to be held this week